Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods. Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods.
it is perfectly inelastic
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
just check momentum before and after and if they're the same then elastic if not then inelastic.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.
it is perfectly inelastic
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
just check momentum before and after and if they're the same then elastic if not then inelastic.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
what is elastic and inelastic collision what is elastic and inelastic collision what is elastic and inelastic collision
An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.
yes the demand curve is perfectly inelastic and horizontal
When supply and demand are perfectly elastic/inelastic
Perfectly elastic supply curve: The supply of a commodity will be perfectly elastic when its price remain constant but supply changes to any extent.The supply curve will be parallel to x axis.The numerical value of elasticity of supply will be infinity. Perfectly inelastic supply curve: The supply of a commodity will be perfectly inelastic when its supply remain constant but price changes to any extent.The supply curve will be parallel to y axis.The numerical value of elasticity of supply will be zero.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply